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Sprint Pays $131M To Hang Up On Nextel Merger Suit

Sprint Nextel Corp. agreed Monday to pay $131 million to settle a shareholder class action against the company and several former top executives over stock losses investors allegedly suffered during the company’s $37.8 billion merger with Nextel in 2005.

  • Feds Win DLA Piper, Kasowitz Emails In Facebook Scam Case

    U.S. prosecutors have won access to a trove of emails in which attorneys at DLA Piper LLP and Kasowitz Benson Torres & Friedman LLP discuss their prior representation of Paul Ceglia, a fugitive upstate New York man charged with filing sham litigation against Facebook Inc., according to an order made public Monday.

  • Jury Finds Motorola Infringed Intellectual Ventures Patent

    A Delaware federal jury on Monday found that Motorola Mobility LLC infringed an Intellectual Ventures LLC patent, giving the nonpracticing entity its second victory in as many weeks.

  • Teva To Buy US Biotech Auspex Pharma In $3.2B Drug Merger

    Israeli-based Teva Pharmaceutical Industries Ltd. said Monday it will buy California biotech Auspex Pharmaceuticals Inc. for $3.2 billion cash, bolstering its central nervous system pipeline as high-stakes deals continue to shake up the drug landscape.

  • UnitedHealth Unit To Pay $12.8B For Catamaran

    UnitedHealth Group Inc.’s pharmacy business is acquiring pharmacy benefit management provider Catamaran Corp. in a $12.8 billion deal announced Monday that expands UnitedHealth's PBM business to keep pace with competitors.

  • High Court Won't Hear Pliva's Generic Preemption Case

    The U.S. Supreme Court declined Monday to hear Pliva Inc.'s challenge to an Iowa Supreme Court ruling that found the high court's landmark Mensing ruling did not necessarily preempt failure-to-update labeling claims against generic-drug makers.